Exercise Options & Warrants

RNS Number:5514T
Oriel Resources PLC
01 May 2008



                                                                        AIM: ORI
                                                                        TSX: ORL
                                                                   PRESS RELEASE
                                                                     1 May, 2008


                 Oriel Resources Plc ("Oriel" or the "Company")

                         Exercise of Options & Warrants
________________________________________________________________________________


Oriel Resources plc (AIM:ORI, TSX:ORL) announces that options over ordinary
shares of 1p each in the share capital of the Company under the Company's share
option scheme were exercised on 30 April 2008.


Details of the options exercised are as follows:

Number of options                         Exercise Price

     100,000                                   49p

Oriel further announces that announces that warrants (AIM:ORIW) over ordinary
shares of 1p each in the share capital of the Company were exercised on 30 April
2008.


Details of the warrants exercised are as follows:

Number of warrants                       Exercise Price

     196,000                                  75p

Accordingly, application will be made for 296,000 ordinary shares of 1p each in
the Company, which will rank pari passu with existing ordinary shares, to be
admitted to trading on AIM. The admission is expected to occur on or about 7 May
2008. Following the exercise of these options and warrants the total issued
capital of the Company will be 641,604,213 ordinary shares.


ENDS
--------------------------------------------------------------------------------

For further information please contact:

David Swan, Company Secretary, Oriel Resources Plc
Tel: +44 (0) 20 7514 0590

Gavin Dallas, Marketing and PR, Oriel Resources Plc
Tel: +44 (0) 20 7514 0590

Ryan Gaffney, Canaccord Adams Limited
Tel: +44 (0) 20 7050 6500

Michael Padley / Michael Spriggs, Bankside Consultants
Tel: +44 (0) 20 7367 8888

Keith Schaefer, Vanguard Shareholder Solutions
Tel: + 1 604 608 0824

www.orielresources.com



                      This information is provided by RNS
            The company news service from the London Stock Exchange

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